Cryptocurrency Q&A
Is crypto illegal in Malaysia?｜1. Is cryptocurrency legal in Malaysia? In Malaysia, cryptocurrencies are legal and classified as securities under Order 2019, but they are not recognized as legal tender or payment instruments by the country's central bank, Bank Negara Malaysia.
Is crypto illegal in Malaysia?｜1. Is cryptocurrency legal in Malaysia? In Malaysia, cryptocurrencies are legal and classified as securities under Order 2019, but they are not recognized as legal tender or payment instruments by the country's central bank, Bank Negara Malaysia.
Daniele
Sun Jun 09 2024
|
5 answers
965
Could you clarify for me, is cryptocurrency considered legal in Malaysia? I've heard conflicting information and I'm not quite sure what the current stance is. I understand that cryptocurrencies are categorized as securities under Order 2019, but does this automatically mean they're legal? Also, could you elaborate on Bank Negara Malaysia's position? I've heard they don't recognize it as legal tender or payment instruments. Could you explain what that means in practical terms? Thank you for your assistance in clarifying this matter.
5 answers
Daniela
Tue Jun 11 2024
Futures trading on BTCC provides traders with an opportunity to speculate on the future price movements of cryptocurrencies. This allows them to hedge their risks or capitalize on market trends. Futures contracts are traded on a margin, enabling traders to control larger positions with less capital.
Was this helpful?
161
68
EchoSeeker
Tue Jun 11 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange, has gained significant popularity in recent years. With its decentralized nature and cryptographic security, it offers a novel alternative to traditional financial systems. Cryptocurrency transactions are recorded on a blockchain, a distributed ledger that ensures transparency and immutability.
Was this helpful?
296
61
EchoSoulQuantum
Tue Jun 11 2024
BTCC, a renowned cryptocurrency exchange headquartered in the UK, provides a comprehensive suite of services to cater to the needs of crypto enthusiasts. Its offering includes spot trading, futures contracts, and a secure wallet solution. BTCC's platform is designed for seamless trading experiences, with user-friendly interfaces and advanced trading tools.
Was this helpful?
273
54
TaegeukChampionCourage
Tue Jun 11 2024
Spot trading on BTCC allows users to buy and sell cryptocurrencies at the current market price. This service offers instant execution and competitive pricing, making it suitable for both retail investors and institutional traders. Traders can also leverage their positions to amplify their profits or losses.
Was this helpful?
63
82
Skywalker
Mon Jun 10 2024
BTCC's wallet service offers a secure and convenient way to store cryptocurrencies. The wallet is designed with robust security features, including multi-factor authentication and cold storage, to protect users' assets from unauthorized access. Users can also easily transfer their funds between different accounts or exchanges.
Was this helpful?
172
43
